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Defaulting on any form of education loan, whether federal or private, is a nightmare. Nevertheless when it occurs with federal loans, the government is merciless. Presently, you can find 36 million People in the us with federal figuratively speaking, and a number that is growing of borrowers are struggling or struggling to spend their monthly balances. And in addition, the Department of Education stated that standard prices have actually risen at an alarming rate in recent years.
Many borrowers have found it tough to continue with re payments for the reasons that are following
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